$1,625,000
●
Land -
Off Market
1397 HARBOR DRIVE
SARASOTA, FL 34239
Studio
0 Bath
$8,902
Est. Monthly
About This Property
Located in coveted Harbor Acres, one of Sarasota's most exclusive
and established neighborhoods. This cleared, oversized lot (16,828
square feet) offers endless possibilities to build your new dream
home. The lot was recently scraped and cleared saving you almost
$50,000! This means the hard work has been done, so now you are
able to more quickly build a beautiful large, custom home to your
taste in a very prime Sarasota location. Harbor Acres is ideally
situated just moments from downtown Sarasota, with easy access to
dining, shopping, Sarasota Memorial Hospital, Osprey Village, Selby
Gardens, and Sarasota's beautiful bayfront. Don't miss your chance
to live in this exceptional community. Make your dream of owning a
home in Harbor Acres a reality!
Unit Size
-
Days on Market
50 days
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$800
HOA Dues
-
Year Built
1951
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 months ago (Stellar MLS #A4676494)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 18, 2026 | Sold | ||
| Sold | |||
| Jan 1, 2026 | In contract | - | |
| In contract | |||
| Dec 30, 2025 | Listed by RE/MAX ALLIANCE GROUP | $1,650,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Jan 25, 2025 | Price Decreased |
$2,100,000
↓ $200K
(8.7%) | |
| Price Decreased | |||
| Dec 20, 2024 | Listed | $2,300,000 | |
| Listed | |||
| | |||
|
Located in the coveted Harbor Acres, one of Sarasota’s most exclusive and established neighborhoods, this oversized lot (16,828 square feet) offers endless possibilities. Whether you’re looking to build your dream home or restore the charming ranch-style residence currently on the property, the options are plentiful.
The spacious lot is perfect for new construction, allowing you to create a large, custom home in a prime location. Alternatively, the existing ranch home features a generous open floor plan that can be revitalized to suit your style. The current owner has a FEMA appraisal available, providing more flexibility for buyers interested in restoration.
Harbor Acres is ideally situated just moments from downtown Sarasota, with easy access to dining, shopping, Sarasota Memorial Hospital, Osprey Village, Selby Gardens, and Sarasota's beautiful bayfront. Don’t miss your chance to live in this exceptional community. Make your dream of owning a home in Harbor Acres a reality! Home is also as vacant land MLS# A4633150
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Harbor Acres
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Listed by: Joe Cleary
RE/MAX ALLIANCE GROUP
Last Updated: 9 months ago
Data Source: Stellar MLS, MLS# A4676494
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX ALLIANCE GROUP
Last Updated: 9 months ago
Data Source: Stellar MLS, MLS# A4676494
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017